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AvidXchange™ Welcomes Joel Wilhite as Chief Financial Officer

Jen Ittenbach

February 7, 2017

CHARLOTTE, N.C., (February 7, 2017) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, is pleased to announce the addition of Joel Wilhite as Chief Financial Officer (CFO). Joel is a seasoned financial executive with over 20 years of experience in progressive growth companies.

Embarking on 2017 after another year of tremendous growth and hiring with more than a 100% increase in transaction volume, and an addition of more than 300 employees, AvidXchange is adding key employees at the executive level as one of the many ways to ensure the company remains poised as an innovator and leader in the AP and Payment Automation space. The first quarter of 2017 is following the trend of momentous growth, and having an experienced CFO to help AvidXchange live up to its core value of “investing and spending wisely” and lead the financial strategy for the organization will continue to bolster the fast growth and profitability of the company. Joel’s history in working with growth companies across both private and public company settings will serve the company well as it remains on a fast growth trajectory and continues its corporate evolution.

About Joel Wilhite

Joel’s diverse experience, which includes international senior financial leadership roles at private and public companies, includes long-range financial planning and forecasting, operational accounting, annual budgeting, mergers and acquisitions and building and developing top talent.

Most recently, Joel was the CFO at Quantros, a software-as-a-service (SaaS) company in Greenville, S.C., that offers an enterprise-wide suite of applications that helps hospitals better manage the quality and safety of patient care. Prior to Quantros, Joel was the Senior Vice President of Finance for BenefitFocus, a leading SaaS provider of benefits administration software and solutions, and the CFO for the International division of Blackbaud. He began his career as an auditor at KPMG. Joel received his bachelor’s degree in Accounting with honors from the University of South Carolina.

About AvidXchange™

AvidXchange™ revolutionizes the way companies pay their bills. Serving more than 6,000 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction. AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years, ranked among Deloitte’s Fast 500 this past year, and recently was named of the top 100 technology companies in North America by Red Herring. In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people. AvidXchange has been recognized as one of the Best Places to Work in Charlotte for seven consecutive years. For more information, contact us at 800.560.9305 or info@AvidXchange.com.